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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond

Kasey Chatterji-Len and Anna Kovner

Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting started in the field can be daunting if you don’t know much about the preparation you’ll need and the available job opportunities. If you’re wondering what it means to be an economics researcher or how to become one, please read on. We’ll review how to prepare for a career in economics research, what an economics PhD program entails, and what types of opportunities it might bring. Economic education is a core component of the Federal Reserve Bank of New York’s mission to serve the community. To empower would-be economists, this post provides information for students who seek a career in economics research. We hope this information will be helpful to students interested in economics, regardless of their background and economic situation.  This information is most applicable to students applying to programs in the United States.  

The Breadth of Economics Research  

Academic disciplines conduct research in different ways, so it’s important to have a basic understanding of the types of questions economists ask and how they approach answering them. There are many definitions of economics, but a broadly useful one is the study of how people, organizations, and governments make decisions under different constraints, and how those decisions may affect their outcomes. 

When answering these questions, economists seek to ground their analyses in models and to be quantitatively precise about the effects they assign to any given cause. The range of topics economists can study is wide, but the accepted approaches to answering questions are stricter. Some examples of what economists might ask: 

• How do different public housing programs affect the children who live there? 
• Does a certain type of law encourage businesses to innovate? 
• How will a change in the interest rate affect inflation and unemployment rates? 
• How much does affordable health insurance improve people’s health? 
• How can poor countries eradicate poverty? 

There are many different subfields within economics, including, but not limited to behavioral, econometrics, energy/environmental, development, financial, international, monetary, public, and urban economics. You can familiarize yourself with the latest work in economics by subscribing to working paper series, such as NBER’s New This Week or the New York Fed’s Staff Reports . To get an idea of the breadth of questions economists can answer, you could listen to Stephen Dubner’s “ Freakonomics Radio ” podcast. You may also want to explore the Journal of Economic Perspectives , the New York Fed’s Liberty Street Economics blog, VoxDev , or VoxEU .  

What Is a PhD Program Like?    

Economics PhD programs typically last five to seven years. Unlike masters programs, they are often fully funded with a stipend, though most require students to complete teaching assistant and/or research assistant (RA) work as part of their funding package. In the first two years, students take classes, many of which are mathematically demanding. The rest of the program can include additional classes but is primarily devoted to original research with the aim of producing publishable papers that will constitute the dissertation.  

Faculty advisors are a central part of PhD programs, as students look to them for guidance during the research process. Economics PhD programs are offered within university economics departments, but there are similar programs in public policy and business schools. You can look at their websites to understand any differences in coursework and subsequent job placements. 

What Can You Do with an Economics PhD?  

Upon graduation, students can obtain jobs in a variety of industries. Many PhD students hope to become university professors. Governments and public policy-related institutions such as the Federal Reserve System, the U.S. federal government, the World Bank, and the International Monetary Fund (IMF) also hire economists to work on policy, lead programs, and conduct research. Finally, economics PhD graduates can also find employment at a variety of private sector companies, including banks, economic consulting firms, and big tech companies. The pay for these different positions can vary. According to the American Economics Association (AEA), the average starting salary for economics assistant professors in 2022-23 was approximately $140,000 at PhD granting institutions and $98,000 at BA granting institutions. 

Programs often publish the placements of their PhD graduates, so you can look online to see specific employment outcomes. See, for example, the University of Maryland’s placements . Ultimately, economists are highly regarded as authorities on a variety of topics. Governments, nonprofits, philanthropic foundations, financial institutions, and non-financial businesses all look to economists to answer important questions about how to best achieve their goals. Thus, earning an economics Ph.D. can potentially help you to influence issues that are important to you. 

Preparing for an Economics PhD Program  

There are several components to an economics PhD program application: college transcripts, GRE scores, letters of recommendation, and personal statements. Please download the Appendix linked below to learn more about transcripts and letters of recommendation. The Appendix details ways in which you can select coursework, obtain research experience, and develop relationships to position yourself for success as a PhD applicant.  

If you feel that you are too far along in your academic career to take enough of the classes described in the Appendix, this does not necessarily preclude you from pursuing an economics PhD. For example, it’s possible to take some of these classes through a master’s program, or through a pre-doctoral RA job. Some pre-doctoral RA jobs, such as the one here at the New York Fed , may enable you to take classes in preparation for graduate school. If you are concerned about your transcript, reach out to an economist at your university for advice; program standards for coursework and grades vary, and it’s a good idea to get more personalized advice. 

Research Experience   

If you’re interested in becoming an economics researcher and applying to PhD programs, it’s best to get research experience as soon as possible. Working as an RA is a great way to learn how to conduct research and get a better idea of whether it’s the right career path for you. Additionally, it can help you obtain a letter of recommendation for graduate school applications and improve your qualifications.  

All types of academic research can be enriching, but it’s beneficial to gain experience working directly with an economist. To find a position, you can reach out to professors whose work you find interesting or find an RA program at your school. Typical RA tasks may involve data collection and cleaning, as well as running analyses and creating charts to represent results. This is where coding skills become crucial; having taken math, statistics, and econometrics courses will also enable you to take on more responsibilities. 

You may also have the opportunity to conduct your own research, possibly under the supervision of a professor at your university. This research could be self-initiated or part of a course such as a thesis workshop. Self-directed research is a great opportunity to learn about all stages of the research process. It’s also an excellent opportunity to create a writing sample for graduate school applications. Ultimately, though, your motivation for conducting your own research project should be that you want to answer a question.  One thing economists have in common is a love of answering questions using data and theory. 

Research experience is also often obtained after completing an undergraduate or master’s degree. Taking on a full-time RA position before applying to PhD programs is very common and can make you a more competitive applicant. You may either get an RA job working for a professor or participate in a pre-doctoral RA program.  

Research assistant programs are more structured than positions with individual professors or projects, which could be helpful. Universities, parts of the government, think tanks, research organizations, and the Federal Reserve System are all good places to look for research assistant programs. To help you decide which opportunities are most desirable, you may want to ask potential employers : Where do people in this program tend to go afterward? Will I be working directly with an economist? How much of my time will be spent on academic research work? Will I be able to take classes as part of this program? Considering whether an economist will be able to evaluate your performance is an important factor for recommendation letters. The ability to take classes, either through tuition reimbursement or waivers, can also be an important benefit. 

The Research Analyst program here at the Federal Reserve Bank of New York is one example of these programs and you should check it out here . The Federal Reserve Board of Governors also has a large program, and many other regional Federal Reserve Banks have similar programs. In addition, the PREDOC website and the  NBER post listings of RA opportunities. J-PAL and IPA also tend to recruit RAs for economic development projects. Another source of RA opportunities is the @econ_ra account on X. 

Who Should Get a PhD in Economics?  

A PhD may not be for everyone, but it is for anyone—people of all genders, religions, ethnicities, races, and national origins have PhDs in economics. Many economists majored in economics, but others majored in math, physics, or chemistry. Because economics is such an integral part of policymaking, it is important that economists come from a wide range of backgrounds so policy can be stronger and more effective. The inclusion of differing perspectives helps ensure that the contribution of economists to work in public policy, academia, and beyond effectively serves the broadest range of society. 

• Coursework Appendix

Kasey Chatterji-Len is a research analyst in the Federal Reserve Bank of New York’s Research and Statistics Group.

Anna Kovner  is the director of Financial Stability Policy Research in the Bank’s Research and Statistics Group.

How to cite this post: Kasey Chatterji-Len and Anna Kovner, “Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond,” Federal Reserve Bank of New York Liberty Street Economics , May 31, 2024, https://libertystreeteconomics.newyorkfed.org/2024/05/thinking-of-pursuing-a-phd-in-economics-info-on-graduate-school-and-beyond/.

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Best Ph.D. in Business Ad­min­is­tra­tion Top Consensus Ranked Ph.D. in Business Ad­min­is­tra­tion Programs

Find your degree.

Created on November 23, 2023 Updated: January 15, 2024

This Best Ph.D. in Business Administration ranking lists the most prestigious and highest academic degrees from around the country focused on business and management research. A Doctor of Philosophy, Ph.D., in Business Administration is a postgraduate degree offered by business schools and business faculties at colleges and universities across the nation. Professionals who complete a Ph.D. can enjoy an array of significantly superior career prospects. Graduate students and professionals interested in leadership research, administration, academia, consulting, and entrepreneurship will find that a Ph.D. in Business Administration is the exciting finish line.

Ph.D. in Business Administration

Many universities around the nation offer Ph.D. programs. It is common for doctoral students to specialize in Business Administration, Social Sciences, Engineering, Natural Sciences, Medicine, Sustainability, Humanities, and the Arts. Like in all other areas of concentration, Ph.D. in Business Administration holders are considered to be experts in their field. If you are interested in this type of doctoral degree, this ranking contains some of the best you will find in the nation.

Methodology

This is a consensus ranking of the best Ph.D. programs in business administration. What makes this ranking a great tool for prospective students is that we use data from five prestigious ranking systems. This means that students get a broad view of the best programs available, separate from any one particular organization’s priorities. These are not the best according to one person. They are the best according to everyone.

This list shows the most prestigious programs across the board. Ranking scores were weighted equally, averaged, and converted to a score on a 100-point scale to reveal the degree’s Consensus Score.

Data for our ranking order was collected from:

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• Fortune , 
• Bloomberg Businessweek , 
• U.S. News and World Report ,  and

There was a significant change in the ranking order from the 2020 ranking. We used our consensus methodology from our MBA program rankings, giving us a comprehensive view of business schools with the best brands. This methodology change only kept five business schools from our previous ranking. But you will see that this ranking lists the most prestigious Ph.D. programs from around the country.

Recommended Online Programs

Explore our featured online programs to find the right match for you today.

Stanford University Graduate School of Business

One of the nation’s best Ph.D. in business administration programs is offered at the Graduate School of Business at Stanford University. Enrolled students discover a focus and intensity more significant than they have thought possible. Stanford Graduate School of Business Ph.D. students are inspired and challenged to explore complex questions and novel ideas.

Stanford’s Ph.D. program develops outstanding scholars for careers in teaching and research at leading academic institutions worldwide. Doctoral students embark on a meaningful and challenging experience. Students focus their academic study in one of seven fields within the Ph.D. program. Solid Ph.D. candidates are full of curiosity and ideas, with an aptitude and passion for research. Candidates preparing to embark on a rigorous career in research and develop their full potential are invited to explore the possibilities of a Ph.D. in business administration. Accepted applicants receive full fellowships for their doctoral studies. There is a lot to love about this Ph.D. in business administration.

Admissions Email: [email protected] Admissions Phone: 650-723-2831

AACSB Accredited:  YES

Ph.D. Website

Harvard University Harvard Business School

Harvard University delivers an excellent Ph.D. in Business Administration through the Harvard Business School. The doctoral program in Accounting and Management falls under the Ph.D. in Business Administration. It focuses on the role of information systems in allocating resources among organizations and between individual departments. This degree also deals with monitoring and rewarding managers’ performance, formulating and executing strategy by managers, and understanding the profitability of business units, suppliers, products, customers, and distribution channels.

Prospective candidates apply to the Ph.D. in Business Administration and select Accounting as their field of study. Ph.D. students work closely with professors in the Accounting and Management Unit. Research there encompasses Management Accounting and Financial Reporting and Analysis. Harvard’s programs are full-time degrees which officially begin each August. Students are expected to complete their doctoral program in five years. The first two years are for coursework, at the end of which postgraduate students take a field exam. The final three years are spent on dissertation research and writing.

Admissions Email: [email protected] Admissions Phone:  617-495-6101

University of Chicago Booth School of Business

The Booth School of Business at the University of Chicago provides a Ph.D. in business administration. The Stevens Doctoral Program at Chicago Booth is the elite destination for intellectually curious and analytical individuals wanting to earn a doctorate in business from one of the world’s best business Ph.D. programs. Chicago Booth Ph.D. students explore and cultivate their research interests from day one—wherever they lead them. In partnership with a distinguished faculty, doctoral students develop their ability to conduct groundbreaking research.

Program finishers graduate with a business Ph.D. and the tools to succeed academically and professionally. The Stevens Program is competitive and highly rewarding. Approximately 20–25 Ph.D. students enroll each fall from an applicant pool of over 1,000. Graduates are highly sought after at the world’s top institutions of higher learning, at leading global businesses, and in government. This full-time program takes five years to complete. This Ph.D. in business administration is worth a second look.

Admissions Email:  [email protected] Admissions Phone: 773-702-3760

Ready to start your journey?

Northwestern university kellogg school of management.

A Ph.D. in business administration program is available at Northwestern University’s Kellogg School of Management. Program designers understand undergraduate students are introduced to a field and become aware of its unexpected complexities and nuances. They believe students acquire an intellectual framework that allows them to embrace and accommodate complexities as they strive to make sense of the world at the doctoral level. As business leaders progress, their novel insights help others make sense of the world. This Ph.D. in business administration allows leaders to contribute to knowledge. Northwestern’s doctorate is rigorous, immersive, and rewarding.

Enrolled students in the Kellogg Ph.D. program master an academic discipline—data science, economics, psychology, sociology, or operations research. They apply that mastery to real-world issues facing policymakers and managers. This discipline-based approach prepares Ph.D. students to challenge conventional wisdom with fresh ideas, models, and empirical findings. These business leaders foster an enduring impact on organizations and communities.

Admissions Email:  [email protected] Admissions Phone:  847-491-5279

Columbia University Columbia Business School

Columbia University’s Business School features a Ph.D. in business administration program. Management Doctoral students learn to apply basic social science knowledge and research methods to organizations, their members, and their environments. The program prepares doctoral students for careers in scholarly research. Graduates take jobs primarily in academic and research institutions worldwide. The Management Division at Columbia Business School trains scholars to become academics at the world’s most prestigious institutions. The business school’s placement success is due to the close working relationship students develop with the instructors in the division.

The school keeps the Ph.D. program small so students can find faculty collaborators and thrive. Columbia Business School’s doctoral community includes 125 students across six programs. The program attracts learners from across the globe looking to develop research skills under the tutelage of industry experts. Students come to Columbia for the exceptional training. They value the creativity, entrepreneurship, diversity, and social tolerance that NYC features. Ph.D. students enrolled in this excellent business administration degree love it.

Admissions Email:  212-854-6729 Admissions Phone:  [email protected]

Massachusetts Institute of Technology Sloan School of Management

Massachusetts Institute of Technology’s Sloan School of Management features a Ph.D. in business administration. The hallmark of the MIT Sloan Ph.D. Program is rigorous, discipline-based research. The doctorate program is committed to educating scholars who will lead in their research fields. Doctoral students with outstanding intellectual skills who conduct productive research on organizational, financial, and technological issues thrive in this program.

Program designers understand today’s economic environment is characterized by an increasingly challenging and competitive business world. Ph.D. studies at MIT Sloan are intent on business leadership. This Ph.D. in business demands a great deal of time, initiative, and discipline from all candidates. The rewards of such hard work are tremendous. MIT Sloan Ph.D. graduates teach and conduct research at the world’s best universities. This Ph.D. program’s curriculum is organized under three academic areas. Students gain exposure to Management Science, Behavior and Policy Sciences, and Economics, Finance & Accounting.

Admissions Email:  [email protected] Admissions Phone:  617-253-3400

Yale University School of Management

Yale University’s Yale School of Management offers a Ph.D. in business administration. This Doctoral Program is a selective course of study for advanced students planning to pursue scholarly careers in management. It matches scholars with some of the most renowned instructors in their fields. Only a select handful of students are admitted each year. This small on-campus program encourages close interaction between Ph.D. candidates and staff. Students and faculty members collaborate on scholarly papers and research projects.

This Ph.D. in business administration program takes three to five years for a candidate to complete. Most students satisfy all program requirements in four to five years. The initial study focuses on the core underlying disciplines. This content is followed by a course developed in consultation with senior instructors and the Director of Graduate Studies. The curriculum includes coursework at Yale SOM with research and preparation for the qualifying exam in a student’s specialization. Yale School of Management is tightly integrated with Yale University. Ph.D. students study across the university, providing essential skills and different perspectives. This Ph.D. is one of the nation’s best.

Admissions Email:  [email protected] Admissions Phone:  203-432-2771

University of California, Berkeley Haas School of Business

The University of California, Berkeley delivers one of the country’s best Ph.D. in Business Administration programs at the Haas School of Business. This Ph.D. program offers six fields of academic study for a curriculum of unique richness and depth. Since the program enrolls less than 20 new Ph.D. students each year, doctoral students get the opportunity to work very closely with instructors and experts in their chosen specialties. The close partnership, coupled with the diverse cultural and academic backgrounds of Haas’ Ph.D. students, fosters an environment of intellectual curiosity and close collaboration.

Berkeley’s Haas Ph.D. is strongly oriented toward research and discipline. Emphasis is placed on preparing doctoral students to evaluate the state of knowledge in their particular fields and advance them by applying theory from statistics, the social sciences, and mathematics. After applying to the program, business school candidates must choose a field of study, which will determine coursework and focus on future employment opportunities. Students may choose from the areas of Accounting, Business and Public Policy, Finance, Marketing, Management of Organizations, and Real Estate.

Admissions Email:  [email protected] Admissions Phone: 510-642-7405

Cornell University SC Johnson College of Business

Cornell University’s SC Johnson College of Business offers a top Ph.D. A Ph.D. in Management is where advanced education and business research intersect. Doctoral students enrolled in the program become industry thought leaders while preparing tomorrow’s business leaders. Cornell’s fully funded Ph.D. in Management is perfect for ambitious students and professionals wanting careers in university teaching and research.

This is a residential program. It is based at Ithaca, New York’s Samuel Curtis Johnson Graduate School of Management. This doctorate combines Ivy League rigor and real-world relevance to prepare students for successful academic careers. There is a solid focus on management science and applied research. The doctoral degree is perfect for anyone looking to teach at the university level and contribute to the body of industry knowledge. Pursuing a Ph.D. in Management is an ideal next step for senior managers and executives wanting to transition to academia or enhance research skills for successful consulting careers.

Admissions Email:  [email protected] Admissions Phone: 607-255-5820

University of Virginia Darden School of Business

The Darden School of Business at the University of Virginia features a Ph.D. in business management. It offers an intellectually demanding advanced program for a select group of high-potential applicants. This degree is distinguished by its top-ranked instructors and world-class research centers. The doctoral program trains students as academic researchers capable of contributing to cutting-edge research in business and management. Program leaders give students the skills and knowledge they need to succeed as professors.

The Ph.D. program features a deliberately small size. Darden’s open-door research ecosystem fosters high emotional and intellectual engagement with the world’s leading business leaders and thinkers. There are many unmatched benefits to this program. Doctoral students focus on ethics, scientific freedom, and friendly and productive relationships with instructors. The business school offers an individual approach to Ph.D. students with unconditional support and a diverse student cohort. Darden faculty are always willing to collaborate on research projects with Ph.D. students.

Admissions Email:  [email protected] Admissions Phone:  434-924-3900

University of Michigan Stephen M. Ross School of Business

The Stephen M. Ross School of Business at the University of Michigan offers a Ph.D. in business administration. This advanced degree prepares students for scholarly positions at top global universities. Enrolled students generate impactful research as they seek new solutions to business’s most complex issues. You can immerse yourself in one of seven doctoral areas of study based on academic career goals and research interests. All Ross Ph.D. graduates were offered positions over the past few years. Most program graduates received tenure-track assistant professor positions.

Over the five-year Ph.D. in business administration, doctoral students acquire the advanced knowledge and research skills needed to achieve academic and professional success. As admitted postgraduate students, learners receive five years of merit-based financial aid. This support includes a full tuition waiver, health insurance for themselves and their dependents, and stipend packages. This advanced degree has a lot to offer.

Admissions Email:  [email protected] Admissions Phone:  734-764-8129

Duke University Fuqua School of Business

The Fuqua School of Business at Duke University offers a Ph.D. in Business Administration. This program prepares candidates for teaching and research careers at leading educational institutions and expert careers where advanced analytical and research capabilities are needed. At Fuqua, doctoral students develop close working relationships with leading scholars in their fields in a collaborative and stimulating learning environment. Business school leaders encourage strong collaborations between faculty and students, both within their academic area and across various disciplines, to better foster the groundbreaking interdisciplinary research Duke University is known for.

The Ph.D. program focuses on three critical development areas to prepare doctoral students for their careers: independent inquiry, competence in research methodology, and communication of research results. From the start, postgraduate students will be introduced to rigorous coursework and Fuqua faculty’s research activities. In this Ph.D. degree program, students work with our world-renowned instructors who are recognized for excellence in teaching and research.

Admissions Email:  [email protected] Admissions Phone:  919-660-7862

New York University Leonard N. Stern School of Business

The Leonard N. Stern School of Business at New York University offers a Ph.D. in business administration. Many business schools can boast of adequate Ph.D. programs. However, many lack the collaborative culture that the Stern School cultivates. The business school develops individual student-to-faculty and student-to-student relationships. NYU Stern nurtures students’ innate curiosities. Program directors teach doctorates to use the research tools required to solve issues they address. By the end of this program, post-graduate students have become faculty colleagues. Program graduates are transformed into trained scholars capable of doing research at the same level as professors.

NYU Stern doctoral students enter a highly motivated community of scholars. These students thrive in an atmosphere of creative collaboration and intellectual rigor. The Ph.D. student body consists of over one hundred full-time students across all departments and stages in the program. The business school employs over 200 full-time research faculty. The Stern Ph.D. program is one you will want to take advantage of.

Admissions Email:  [email protected] Admissions Phone:  212-998-4500

University of California, Los Angeles Anderson School of Management

The University of California, Los Angeles Anderson School of Management offers a Ph.D. in business management. Enrolled students live in a city of innovation. They study within the university’s top-notch research facilities. Program designers have built a program where students cultivate deep and lasting relationships. The best researchers and educators of this generation present a solid curriculum. Post-graduate students gain the skills to solve complex management issues.

UCLA Anderson gives Ph.D.s the support they need to embark on a groundbreaking research career. This program changes how people see business in the future. Instructors help students advance their understanding of business through rigorous research. Where else can you have the chance to train with world-renowned scholars alongside the next generation of researchers? Ph.D. students have UCLA’s resources and attributes as a world-class research institution available to them. If you are ready to work alongside UCLA Anderson’s highly celebrated instructors, this is the Ph.D. for you.

Admissions Email:  [email protected] Admissions Phone:  310-206-3411

University of Southern California Marshall School of Business

The University of Southern California’s Marshall School of Business has a Ph.D. in business administration. This is one of the premier business programs in the world. It boasts a diverse and outstanding group of instructors and a student-centered culture. The business school has achieved stellar success in placing graduates in faculty jobs at the nation’s top business schools and abroad. Marshall instructors are top-tier professionals with a passion for research and academia.

Marshall Faculty ranks highly in the world of publication output in the best business journals. Many instructors are thought leaders in their profession. Their experience conducting innovative and influential research is a benefit to Ph.D. students. During recent years, Marshall has engaged in a successful and aggressive strategy to recruit top researchers in business. Enrolled students explore their research interests and take advantage of the programs, classes, and centers offered within and outside of Marshall. This Ph.D. in business administration is ripe with opportunity.

Admissions Email:  [email protected] Admissions Phone:  213-740–1111

Emory University Goizueta Business School

The Goizueta Business School at Emory University features a Ph.D. in business administration. Leaders at Goizueta believe that hands-on discussion, research, and collaboration between faculty and students create the solid faculty of tomorrow’s top business schools. Students come from everywhere to attend the highly competitive program. Ph.D. candidates push business thinking and theory forward to make their impact on the business world. Goizueta seeks applicants with superior intelligence and a healthy work ethic.

Emory’s business school is among the best business programs in the country, with programs ranked in the top 20 nationally. Doctoral program graduates fill faculty positions at elite business schools. Goizueta leaders have access to the resources of Emory University, a major world-class research school. Business school leaders believe that hands-on research, collaboration, and discussion between students and faculty create tomorrow’s best business school leaders. Many international students attend this highly competitive program. Ph.D. students looking for one of the best programs in the world will find it at Emory University.

Admissions Email:  [email protected] Admissions Phone:  404-727-6036

Carnegie Mellon University Tepper School of Business

The Tepper School of Business at Carnegie Mellon University offers a Ph.D. in business administration. Doctoral graduates and instructors at the Tepper School share an impressive legacy of groundbreaking research and global recognition. The staff includes nine Nobel laureates. This Ph.D. is a small, serious-minded program. Post-graduate students benefit from close working academic and social relationships with students, faculty, and advisors.

There are eight focused fields of study within this doctoral program. The business school also offers joint Ph.D. degrees with world-class schools and colleges across the university campus. This well-designed Ph.D. trains tomorrow’s business thinkers and leaders. Enrolled students learn to anticipate and address future business needs. They learn to think boldly, challenge preconceived notions, and do the needed work. Tepper’s doctoral program hosts next-generation researchers. Program graduates transform society’s collective intelligence into The Intelligent Future of Business.

Admissions Email: [email protected] Admissions Phone:  412-268-1319

University of North Carolina at Chapel Hill Kenan-Flagler Business School

The Kenan-Flagler Business School at the University of North Carolina at Chapel Hill features a Ph.D. in business administration. This rigorous, five-year program excels at training scholars to produce high-quality research as instructors at top universities. The Ph.D. program is intentionally small-sized. Program designers’ essential focus is close student-to-faculty collaboration and mentoring. Enrolled students reward their initiative and tenacity with a top-ranked doctoral program that prepares them for a rewarding and successful academic career.

If you are looking for options, you can develop into a research expert in one of six areas of study. Each specialization positions Ph.D. students with career options they may never have thought possible. Enrolled students benefit from the business school’s international reputation as one of the world’s best academic centers of innovative tax and accounting research. The idea of conducting high-impact research that advances our understanding of business may excite you.

Admissions Email:  [email protected] Admissions Phone:  919-962-7772

University of Washington Michael G. Foster School of Business

The University of Washington has a Ph.D. in business management at the Michael G. Foster School of Business. This elite Ph.D. Program in Business Administration is a research-based degree. Program architects train scholars to be knowledgeable about developments on the frontiers of their discipline. The curriculum encourages students to contribute to advancing knowledge needed in business education and practice. Well-equipped business leaders can skillfully convey information to students and practitioners.

Washington created the program for students interested in academic careers. The training is also helpful for students seeking research positions in government, business, and consulting firms. The Ph.D. program in Business Administration at the University of Washington is perfect for those wishing to pursue academic careers. The program provides postgraduates with the tools to conduct top-quality research in their areas of expertise. The program’s first two years are coursework-based. Foster’s Ph.D. in Business Administration is an elite program.

Admissions Email:  [email protected] Admissions Phone:  206-685-2630

University of Texas at Austin McCombs School of Business

The McCombs School of Business at the University of Texas at Austin offers a Ph.D. in business administration. Program leaders understand that the path ahead is long and challenging for many professionals, with twists and a detour or two. Postgraduate students who are ready to dedicate their time and energy to pursuing this academic degree will appreciate this program. A Ph.D.’s four to six years are exciting, exhausting, and demanding. When students see the next step of their academic career come into view – it is immensely gratifying.

Texas McCombs is one of the nation’s most distinguished business schools at a world-renowned public research university. The business school features five acclaimed Ph.D. programs and over two dozen specializations that support interests and goals. Program leaders are uncompromisingly committed to a PhD’s academic career. This business administration’s renowned faculty, impeccable resources, and exceptional mentoring combine to produce sought-after graduates. This Ph.D. will set you up for a career’s worth of success.

Admissions Email:  [email protected] Admissions Phone:  512-475-7391

Rice University Jesse H. Jones Graduate School of Business

Rice University’s Jesse H. Jones Graduate School of Business delivers a Ph.D. in business administration. This Ph.D. program is for those who aspire to be elite business school professors. Rice’s doctoral program in business is perfect for those aspiring to become faculty members at prestigious business schools and research universities. Students engage in coursework and research as part of their training. As graduation approaches, Ph.D. students interview for professor positions, hoping to start careers as assistant instructors at business schools worldwide.

Assistant professor careers include conducting research that gets published in well-respected, peer-reviewed academic journals. Professors impart management wisdom informed by research in the classroom. This well-rounded Ph.D. would be an asset to anyone’s resume. The program’s strategic management content reinforces coursework in the base theories of strategic management. The field of management studies big-picture issues managers deal with, like deciding what industries to enter.

Admissions Email:  [email protected] Admissions Phone:  713-348-4002

University of Pennsylvania The Wharton School

The University of Pennsylvania’s Wharton School features a Ph.D. in business administration. Enrolled students experience innovation, leadership, and collaboration in business education. There are many reasons to pursue this PhD. The curriculum gives students access to world-renowned instructors whose expertise spans business knowledge and disciplines. Wharton faculty encourages doctoral students to explore ideas and cross disciplinary boundaries. Ph.D. students share their research interests and their pursuit to create understanding.

Completing a doctorate at Wharton requires five years of full-time study. It consists of two years of classes followed by research. The first few years in the program are for taking courses and exams and starting research projects to prepare students for admission to candidacy. The program in each discipline has individual requirements. Students wrapping up their degrees conduct research full-time. They write and defend their doctoral dissertation. This Ph.D. is rigorous, but students emerge as leaders in their field.

Admissions Email:  [email protected] Admissions Phone:  215-898-4877

Georgia Institute of Technology Scheller College of Business

You can join one of the nation’s top-ranked Ph.D. programs at the Scheller College of Business at Georgia Tech. Enrolled students gain the confidence they need to create groundbreaking work. Ph.D.s conduct research, educate others, and direct the business world forward within this full-time, five-year program. Georgia Tech’s Scheller Ph.D. program gives postgraduates the tools to think and work independently. These students conduct groundbreaking research while finding innovative solutions to business issues.

From business administration to organizational behavior, doctoral students choose from seven concentrations to match their interests and goals. You can demonstrate your abilities to conduct high-quality work by hitting milestones throughout the completion of the degree. Successful completion of a Ph.D. program demonstrates high-quality, independent academic work. Ph.D. program milestones guide students in their training to determine the continuity of the program. Georgia Tech trains tomorrow’s business leaders.

Admissions Email:  [email protected] Admissions Phone:  404-894-1610

Washington University in St. Louis Olin Business School

Washington University in St. Louis delivers an excellent Ph.D. in Business Administration at the Olin Business School. The University’s business school is one of the nation’s leading research universities, with a faculty whose research work consistently ranks among the highest in the business school realm. Olin faculty members are recognized worldwide for their essential contributions to the discovery of new knowledge. The business school also takes great pride in its commitment to excellence in teaching.

Olin’s Ph.D. in Business students are guided by highly prolific researchers who are among the U.S.’s top scholars. Instructors work closely with doctoral students to develop their research skills, often nurturing one-on-one mentoring relationships that may include co-authoring research papers and projects. The development of strong problem-solving abilities equips Washington University in St. Louis students to strategically address complex business problems. This results in new ideas and innovative thinking for research that adds value to the academic community and business world.

Admissions Email:  [email protected] Admissions Phone:  314-935-7301

University of Rochester Simon Business School

One of the nation’s best Ph.D. in business administration programs is featured at the Simon Business School at the University of Rochester. The Simon Business School has a solid track record of mentoring Ph.D. students to become leaders in their fields. These highly sought-after graduates are known for their robust analytical skills and research performance. Ph.D. students at the business school form a strong foundation in statistics and economics to deepen their understanding of state-of-the-art tools and concepts and tools.

Doctoral students in business administration collaborate with the world-renowned faculty to explore the process of modern business and economic research. This work fuels their successful independent research. Students take Operations Management, Accounting, Finance, Information Systems, and Marketing coursework. Students can customize their degrees depending on their skills and goals. Program leaders are known for excellence in innovation, research, and instruction. Instructors guide Ph.D. students to master mathematics, statistics, economics, and data science. If you are ready to dive into business administration, this program might be for you.

Admissions Email:  [email protected] Admissions Phone:  585-275-2959

University of Notre Dame Mendoza College of Business

The Mendoza College of Business at the University of Notre Dame provides a top Ph.D. in business administration. Everyone knows a Notre Dame education includes unparalleled opportunities to refine your business skills and acumen and put them into practice, solving real-world business issues. This Notre Dame graduate business degree is grounded in analytics. Ph.D. students understand how to use the data to make better business decisions. Instructors guide learners in amplifying their strengths and emerging with the skills needed to accelerate business careers. Doctoral students learn to make ethical decisions and impact their world for the better.

Notre Dame believes that building careers in business means understanding how organizations and industries can serve the greater good. Ph.D. students are given the keys to act with the moral courage to make it happen. The business school’s approach to building business knowledge is unique among elite graduate business schools. The process begins with a curriculum based on ethical decision-making and the core values.

Admissions Email:  [email protected] Admissions Phone:  574-631-7706

Indiana University Kelley School of Business

A Ph.D. in business administration program is at Indiana University’s Kelley School of Business. Enrolled students become experts in their fields. PhDs can design, conduct, and defend their research. Areas of study within the business administration program include:

• Accounting,
• Business economics and public policy,
• Entrepreneurship,
• Information systems,
• Operations management, and
• Strategic management.

Program leaders know that planning and preparing for a meaningful academic career requires time and support from professionals who understand what it takes. Kelley School of Business faculty inspires Ph.D. students to turn thought-provoking scientific research into knowledge that drives business practice and develops the academic discipline. Doctoral students work with faculty and peers after entering the program. These professionals learn to communicate complex ideas as instructors. All PhDs work to become experts in their field as they design, conduct, and defend their research. This doctoral in business administration degree has it all.

Admissions Email:  [email protected] Admissions Phone:  812-855-8853

University of Texas at Dallas Naveen Jindal School of Management

The University of Texas at Dallas Naveen Jindal School of Management features a top Ph.D. program. The business school grants a Ph.D. in Management Science degree. Doctoral students use economics, statistics, behavioral science, and mathematics to conduct rigorous scientific research. The terminal program encompasses theory and empirical analysis. It is characterized by a high ratio of research instructors to students. The program’s environment fosters close working relationships that produce excellent results.

The Management Science Ph.D. degree program allows students to choose a study concentration. Doctoral students dive deep into Marketing, Accounting, Finance, Information Systems, or Operations Management. The program’s core and elective courses give students an understanding of management principles. Coursework includes a study of business theory and practice. Ph.D. seminars expose students to traditional and emerging research issues. Early in their graduate work, learners are encouraged to join faculty research projects with experienced professors. This Ph.D. in business administration at UT Dallas is worth its weight in gold.

Admissions Email:  [email protected] Admissions Phone:  972-883-2270

University of Maryland, College Park Robert H. Smith School of Business

The University of Maryland, College Park’s Robert H. Smith School of Business features a Ph.D. in business administration. Today’s international economy is driven by accelerating change. The business world needs cutting-edge scholarship that challenges the marketplace and gives thinkers, practitioners, and policymakers evidence-based tools and strategies. This Ph.D. in business administration transforms our models for leading, managing, innovating, and succeeding. The Smith School of Business Ph.D. is a collaborative, research-oriented community of academics. Enrolled students enjoy its breadth of business knowledge.

Program leaders help students launch their careers as academic leaders. The curriculum inspires contributions to discovering and distributing scientific knowledge through research and teaching careers at top universities worldwide. All Ph.D. students benefit from the diverse, world-class experience. They collaborate with faculty on groundbreaking, relevant research long after graduation. Students typically complete the full-time program in five years. Learners spend two years on coursework and three years on a dissertation. This Ph.D. in business administration will set you up for future success.

Admissions Email:  [email protected] Admissions Phone:  301-405-3644

Texas A&M University Mays Business School

The Mays Business School at Texas A&M University offers one of the nation’s best Ph.D. in Business Administration programs. Admission to this Ph.D. program is open to all qualified individuals who hold an undergraduate or a graduate degree. The review process includes assessing factors including an accredited academic degree and a GMAT or GRE score, and more. Business school candidates can elect to center their studies in a specific area. Organizational Behavior/Human Resource Management. This specialization focuses on the analysis of human behavior within complex social systems and organizations. Strategic Management deals with the roles and issues of top management groups and strategy formulation and implementation.

This Ph.D. at the Mays Business School has a five-year limit for completion, with 64 semester hours required after a master’s degree and 96 hours required beyond an undergraduate program. Doctoral students and their advisory committees may schedule coursework beyond these minimums. Texas A&M University’s Ph.D. in Business Administration’s management curriculum contains five different research focuses: Accounting, Operations and Supply Chain Management, Marketing, Finance, and Management.

Are you interested in becoming a business professor or pursuing a Ph.D. in Business Administration? There are several reasons why this is an excellent idea, including job security, intellectual stimulation, a lucrative income , flexible work conditions, and more. Given the current shortage of individuals holding a doctoral degree in business administration and the increasing demand for their services, now is an excellent time to consider pursuing a Ph.D. in Business Administration.

What is the Current Demand for Professionals with a Ph.D. in Business Administration?

In today’s business, the number of new doctorates is less than the average of positions available. This tendency is due to three current realities:

• Many senior faculty members are retiring or will soon retire,
• There is an increase in the number of graduate students seeking business degrees (a trend likely to continue), and finally,
• There remains an insufficient number of doctoral students enrolling in and completing doctoral business programs.

According to a survey conducted by AACSB International , demand for Ph.D.s in business schools rose slightly in 2006 while the overall vacancy rate rose to 6.8 percent. At the same time, the estimated growth in business faculty positions for 2007 was 4.7 percent. Overall, the shortage of business faculty staff members is predicted to reach 2,400 in the coming years.

The staff shortage has resulted in more attractive salaries for faculty at business schools. Combined with additional payment for activities such as summer teaching and research, consulting, sponsored papers, executive program teaching, textbook writing, and presentations, business administrators enjoy healthy incomes.

What Kind of Lifestyle Can a Ph.D. in Business Administration Expect?

Professionals with this type of degree can become economists, C-level executives, financial managers, and educators. Professionals working in traditional areas of executive business leadership will often experience more high-pressure roles within their organizations. University professors, however, enjoy many lifestyle and work privileges that are not typically found in other professions.

Significant intellectual and professional autonomy allows for an atypical degree of freedom in defining workflow and developing academic activity areas. Nine-month contracts in higher education allow professors the freedom to travel and experience alternative teaching, consulting, and research assignments. Tenured faculty in higher education have employment that provides unprecedented job security.

The opportunity to teach high capacity students, undertake research, and develop professional relations with colleagues across the nation and world is unrivaled in most other professions. Being a professor also means searching for knowledge that will make a mark on society and business practice. Through research and teaching, a Ph.D. in Business Administration can significantly affect the industry by influencing organizations to become more efficient, innovative, and profitable. They can also contribute by creating jobs and economic prosperity at the national level.

What Careers Can I Qualify for After Completing a PhD in Business Administration?

Ph.D. programs prepare students to conduct specialized scholarly research. Most Ph.D. in business administration graduates enter careers as university professors, senior researchers, or consultants in business or government. 

Business School Professor

A business professor teaches college students various subjects that help them manage or start a business. Business professors give their students the specific knowledge required to earn degrees offered by business programs at institutions of higher learning. Good business professors are naturally analytical, curious, outgoing, patient, and resourceful.

Business Analysts

Business analysts are also called business systems analysts, enterprise analysts, business architects, and functional analysts. These professionals use data to suggest ways that organizations can operate efficiently. They gather and analyze information to develop and investigate potential solutions and system improvements. Business analysts use data modeling techniques to help businesses improve their processes.

What are the Different Types of Doctoral Programs in Business Administration?

The two main degree designations offered by business programs are the Doctor of Philosophy (Ph.D.) and the Doctor of Business Administration (DBA) . In an earlier business education era, the DBA was regarded as providing broad exposure to business subjects geared towards practice. Simultaneously, the Ph.D. was thought to focus more on research in a given business realm. Over the years, the distinction between these two degrees has become blurred at many business schools.

Today, the Ph.D. is more widely available at business schools than the DBA, particularly in the United States. Most Ph.D. programs require full-time enrollment, while it is more common for DBA students to complete the degree on a part-time basis.

Will I need a Graduate Degree and Business Experience to Qualify for a Ph.D. in Business Administration?

While requirements vary among programs, many do not require that doctoral students have a graduate degree in business. There is no specific requirement to have business work experience either. However, students lacking a business background or degree will likely have to take foundational business courses.

What are the Application Requirements for a PhD in Business Administration?

Once you have completed your undergraduate degree or MBA, you point your academic career to a Ph.D. in business administration. But how do you get started? What are business schools looking for? And what can you be doing to prepare yourself for the application process?

Application Process

Step #1: Submit a Graduate Application found on your favorite B-school’s website. After perusing the program that excites you, it’s time to start the application process. Applications have never been easier to find and complete online. Business schools have different prerequisites, but all are looking for the same thing – a quality match between student and program. There might be an application fee, but  many doctoral programs waive the requirement .

Step #2: Request your  official transcripts  be mailed electronically to an email the B-school gives you. Admissions directors want to see who they are dealing with. Those transcripts will reveal your past academic performance, showing that you have made the grade while taking relevant courses to ensure your academic success. Transcripts also show if you need to brush up on any foundational courses that Ph.D. in business administration students have benefited by taking in the past. 

Step #3: Look for specific admission requirements and courses. Business schools provide general requirements and some specific needs based on the degree you are pursuing. Rest assured, your favorite program lets you view its admission requirements and courses from a current graduate catalog.

Application Requirements

To be admitted to a top Ph.D. program, applicants must first meet all requirements for graduate admission to the university and the other requirements listed. Ph.D. requirements typically include the following needs:

• You must earn a bachelor’s degree from a regionally accredited college or university. International students must have graduated from a recognized equivalent in a similar or related field.
• Undergrads must have a GPA of at least 3.0 in their last 60 semester credit hours.
• A minimum GMAT exam score is required unless placement scores are waived.
• Submit three recommendation letters from academic or professional sources.
• Complete a personal statement including goals, experiences, scholarly accomplishments, and reasons for pursuing the Ph.D. You may include possible research questions or topics of interest.
• A current resume or  curriculum vitae .

Admission decisions for Ph.D. programs are made by college-level admissions committees in consultation with the respective faculty in each area of concentration. Committee members make determinations concerning the probability of a student’s projected success. Ph.D. applicants need to provide materials that will help make those decisions.

Affordability of Top Ph.D. in Business Administration Programs

Most of the top programs in our ranking offer tuition waivers that cover all or most of the Ph.D. program. These Ph.D.s are full-time, residential programs with strict guidelines on no outside employment. Because of this, many schools additionally offer yearly stipends to offset their students’ living expenses while in the program.

School	Fully Funded Tuition	Stipend	Website
Stanford University	✔️	✔️
Harvard University	✔️	✔️
University of Chicago	✔️	✔️
Northwestern University	✔️	✔️
Columbia University	✔️	✔️

If you are not enrolled in a program with a tuition waiver and stipend, you might be wondering about how to pay for your program. Here are some factors to consider in making a Ph.D. in business administration and comparing costs:

• Tuition Cost -Tuition costs for Ph.D. degrees run the spectrum. Some students get funding from employers, scholarships, and other sources of support. Tuition varies depending on whether students choose on-campus programs or online Ph.D. programs, public or private institutions, and whether the student qualifies as a resident.
• Program Fees -Aside from tuition rates, Ph.D. students pay fees for books and other course-related items. Extra expenses associated with a graduate program can include computers, technical support, high-speed Internet, and other resources. Read all of the tuition information a business school gives. Some business schools offer programs to cover fees and some even hand out free devices to their students.
• Accommodation -Housing for Ph.D. students can be expensive. The cost of living ranges based on where you attend business school.  Factor in the costs of living ranging from $20,000 to more per year .
• Study materials and resources -Take note that there will be some extra costs for study materials. Since many Ph.D.s divide the experience between two years of initial coursework and three years of dissertation. Your expenses will fluctuate annually. 
• Parking -On-campus students must take paying for parking into consideration. An on-campus parking permit can cost Ph.D.  students between $50 and $2,500 annually .

How do I Know What Doctoral Program to Select?

Personal considerations, including geographical location and educational preferences in a specialized field of interest, are criteria that will help narrow the range of possibilities. One primary concern is whether a particular business school has staff who specialize in the prospective student’s study area.

Students may assume that all schools offer similar types of emphases and pay relatively no attention to the faculty’s specific research interests. This may cause unfortunate surprises once a student enrolls in a doctoral program.

Even among leading postgraduate programs at the nation’s top research universities, there are significant differences in what areas schools have national and international recognition for teaching and research. Potential students should research faculty interest areas at all schools being considered.

What Role do Accreditations and Rankings Play in Considering a Ph.D.?

Publications that offer rankings of business schools should be viewed with an understanding of their goals and priorities. All rankings are subjective to each entity’s priorities and goals. Some focus on cost, some on college support, some on peer review, and some on student reviews. Ranking exposure should never substitute a student’s own research and investigation, but only to aid as a tool.

A crucial selection factor to consider is accreditation. Accreditation is a viable measure indicating that knowledgeable peers from a neutral institution have determined that a school’s program meets accreditation standards for:

• Faculty composition,
• Intellectual contributions,
• Curriculum content, and
• Instructional resources.

Most non-profit colleges and universities in the nation hold institutional accreditation conferred by regional accrediting agencies. Within the field of business, separate specialized accrediting agencies grant business accreditation to business schools or individual business programs. Among the top is AACSB . Selecting a business school accredited by AACSB is an assurance that the institution provides a high-quality education.

What is the Experience of Pursuing a Ph.D. in Business Administration Like?

Unlike bachelor’s or master’s-level work, where highly structured learning and individual courses with many different instructors are the norms, doctoral education places a higher premium on self-directed learning and closer relationships with fewer faculty members in a particular area of specialization. On average, Ph.D. programs will take five to six years to complete and involve the intense study of academic journal articles and original research writings. Doctoral students often forge close friendships with faculty mentors. These mentors work closely with students to:

• Define a course of study,
• Prepare for qualifying exams,
• Provide guidance in the dissertation process, and
• Help with pursuing their first faculty position.

How Can I Be Successful in Business School While Pursuing My Degree?

Returning to school to study business administration is a fantastic investment in your career. All business-minded professionals know you can’t make an investment and check out. To be successful at a Ph.D. in business administration requires hard work, persistence, and grit to ensure it pays off. Here are some ways doctoral students can make the most of their degree and time as business students.

• Keep the Goal in Mind -Remember why you are there. Keep your professional goals at the forefront and let them guide your decisions. 
• Get Organized -Find ways to learn quality time management. Getting organized also means scheduling all of life’s demands to get the job done.
• Stay Flexible -Learn how to bend to keep you from breaking. Your expectations during business school will only sometimes get met. Roll with the punches and keep a cool head when things heat up.
• Make Connections – Business school is a time to build your network . The relationships you make with instructors and fellow students will last a lifetime. 
• Develop Study Skills -When you learn how you study best, you learn how to use time wisely. Work smarter, not harder, and get the most out of your Ph.D. experience.

Why Pursue a Ph.D. in Business Administration?

People pursue a Ph.D. in Business Administration for various reasons, as it offers unique benefits and opportunities for personal and professional growth. Many individuals pursue a Ph.D. in Business Administration to engage in rigorous research and contribute to the academic field. They aspire to become professors or researchers, conducting in-depth studies and publishing their work in academic journals.

Pursuing a Ph.D. in Business Administration is a journey of personal and intellectual growth. It offers an opportunity to delve deeply into a specific area of interest, expand knowledge, and develop critical thinking skills. A Ph.D. program allows individuals to specialize in a specific area of business administration. This specialization enables them to develop deep knowledge and expertise in their chosen field, such as finance, marketing, organizational behavior, or strategy. This level of specialization can make them highly sought-after experts in industries, consulting firms, or think tanks. Some individuals pursue a Ph.D. in Business Administration to enhance their leadership and consulting skills.

For many, obtaining a Ph.D. in Business Administration is a personal achievement and a symbol of dedication, perseverance, and intellectual rigor. It is a significant milestone that brings a sense of personal fulfillment and sets individuals apart as experts in their field.

A degree like a Ph.D. in Business Administration is an opportunity that has much to offer in terms of intellectual stimulation, future income, lifestyle, and many other attractive characteristics. It is a challenging and rewarding journey that opens doors to a wide range of opportunities in academia, research, consulting, and leadership roles.

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School of Humanities and Sciences

Learn about the economic aspects of modern society, analyze contemporary economic problems, and develop the ability to exercise judgment in evaluating public policy.

What You'll Study

The mission of the undergraduate program in Economics is to acquaint students with the economic aspects of modern society, to familiarize them with techniques for the analysis of contemporary economic problems, and to develop in them an ability to exercise judgment in evaluating public policy. The program introduces students to macro- and microeconomic theory, teaches them to think and write clearly about economic problems and policy issues and to apply the basic tools of economic analysis. The undergraduate major provides an excellent background for those who plan careers in government and private enterprise as well as those pursuing graduate degrees in professional schools or in the field of economics.

The department expects undergraduate majors in the program to be able to demonstrate the following learning outcomes. These learning outcomes are used in evaluating students and the department's undergraduate program. Students are expected to demonstrate:

• understanding of core knowledge within Economics.
• ability to analyze a problem and draw correct inferences using qualitative and/or quantitative analysis.
• ability to write clearly and persuasively and communicate ideas clearly.
• ability to evaluate theory and critique research within the discipline.

Degrees Offered

More information.

Learn more about Economics in the Stanford Bulletin

• Department of Economics
• School of Humanities & Sciences
• Explore IntroSems related to this major

Exploratory Courses

Econ 1.

Principles of Economics

ECON 11N

Understanding the Welfare System

ECON 17N

Energy, the Environment, and the Economy

ECON 22N

Causes and Consequences of the Rise in Inequality

ECON 23N

Capitalism, Socialism and Democracy

ECON 25N

Public Policy and Personal Finance (PUBLPOL 55N)

ECON 43

Introduction to Financial Decision-Making

ECON 44

The Modern Financial System

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Why Study Economics?

About the Economics Major

Economics Honors Program

College of Liberal Arts & Sciences

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MSPE | Master of Science: Policy Economics

Welcome to mspe.

Field Trip Spotlight: Spring 2024: New York City

Our last excursion for the semester was a five-day field trip to New York City (March 10 – 15, 2024). The group attended four presentations, two scheduled on Monday and two on Wednesday, with Tuesday and Thursday designated as free days for students to explore New York City. On Monday morning, our first presentation was at Moody’s . Kent Becker, senior vice president in Moody’s Investor Service and an alumnus of our university, discussed the methodology used for credit rating of companies, local, and state governments. In the afternoon, we visited...

MSPE Contact Information

205 David Kinley Hall 1407 West Gregory Drive Urbana, IL 61801 (map)

Phone: (217) 333-7651 Fax: (217) 244-7368 Email:  [email protected]

Economics Graduate Programs in America

1-25 of 102 results

MIT School of Humanities, Arts, and Social Sciences

• Cambridge, MA ·
• Massachusetts Institute of Technology ·
• Graduate School

Massachusetts Institute of Technology ,

Graduate School ,

CAMBRIDGE, MA ,

Stanford Graduate School of Business

• Stanford, CA ·
• Stanford University ·
• · Rating 4 out of 5   4 reviews

Stanford University ,

STANFORD, CA ,

4 Niche users give it an average review of 4 stars.

Featured Review: Master's Student says Incredibly positive academic experience with inspiring professors and diverse classmates. I have no negative feedback. .

Read 4 reviews.

Yale Graduate School of Arts and Sciences

• New Haven, CT ·
• Yale University ·
• · Rating 4.5 out of 5   2 reviews

Yale University ,

NEW HAVEN, CT ,

2 Niche users give it an average review of 4.5 stars.

Featured Review: Master's Student says The resources at Yale are outstanding. While some of the required courses are slow-moving and less informative, I do have more academic freedom in my second year to the program to take classes that I... .

Read 2 reviews.

Drew University

• Graduate School ·
• MADISON, NJ
• · Rating 4.21 out of 5   24

College of Business - University of La Verne

• University of La Verne ·
• LA VERNE, CA
• · Rating 4.54 out of 5   13

School of Education - William Jessup University

• Jessup University ·
• ROCKLIN, CA

Harvard Graduate School of Arts and Sciences

• Harvard University ·
• · Rating 4.56 out of 5   9 reviews

Harvard University ,

9 Niche users give it an average review of 4.6 stars.

Featured Review: Other says I am Harvard Extension School student pursuing a master degree, ALM, in sustainability. I have achieved a 3.89 in this program so far and have qualified, applied, and accepted as a 'Special Student'... .

Read 9 reviews.

Princeton University

• Princeton, NJ ·
• · Rating 4.33 out of 5   3 reviews

PRINCETON, NJ ,

3 Niche users give it an average review of 4.3 stars.

Featured Review: Master's Student says The best part of the Princeton University mechanical engineering graduate degree is the excellent faculty that teach the courses. They are incredibly knowledgeable and also very willing to help... .

Read 3 reviews.

Sanford School of Public Policy

• Durham, NC ·
• Duke University ·
• · Rating 4.75 out of 5   4 reviews

Duke University ,

DURHAM, NC ,

4 Niche users give it an average review of 4.8 stars.

Featured Review: Current Master's student says My academic experience at Duke has been the most rewarding in my life. What makes Duke so great is the opportunity through the Sanford Policy School to exchange and engage ideas with professors and... .

• Find college scholarships

Brown University Graduate School

• Providence, RI ·
• Brown University ·

Brown University ,

PROVIDENCE, RI ,

School of Engineering and Applied Science - University of Pennsylvania

• Philadelphia, PA ·
• University of Pennsylvania ·

University of Pennsylvania ,

PHILADELPHIA, PA ,

Jones Graduate School of Business

• Houston, TX ·
• Rice University ·
• · Rating 4.6 out of 5   10 reviews

Blue checkmark.

Rice University ,

HOUSTON, TX ,

10 Niche users give it an average review of 4.6 stars.

Featured Review: Other says Best part is the small class sizes and time flexibility. Worst is getting used to the online system. .

Read 10 reviews.

Weinberg College of Arts and Sciences

• Evanston, IL ·
• Northwestern University ·

Northwestern University ,

EVANSTON, IL ,

College of Arts and Science

• Nashville, TN ·
• Vanderbilt University ·

Vanderbilt University ,

NASHVILLE, TN ,

Olin Business School

• St. Louis, MO ·
• Washington University in St. Louis ·
• · Rating 4 out of 5   7 reviews

Washington University in St. Louis ,

ST. LOUIS, MO ,

7 Niche users give it an average review of 4 stars.

Featured Review: Master's Student says The enrolment process was an absolute pleasure. Being able to sit in on classes and interact with faculty and students was a fantastic opportunity. It gave me a real feel for the academic dynamic and... .

Read 7 reviews.

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Division of the Humanities and Social Sciences - California Institute of Technology

• Pasadena, CA ·
• California Institute of Technology ·

California Institute of Technology ,

PASADENA, CA ,

Mendoza College of Business

• Notre Dame, IN ·
• University of Notre Dame ·
• · Rating 4.82 out of 5   11 reviews

University of Notre Dame ,

NOTRE DAME, IN ,

11 Niche users give it an average review of 4.8 stars.

Featured Review: Master's Student says It was a great smooth transition for the accounting immersion program for the summer. TA were available for office hours and questions as she was an alum of the program. The professor was also... .

Read 11 reviews.

Social Sciences Division - University of Chicago

• Chicago, IL ·
• University of Chicago ·
• · Rating 3.75 out of 5   4 reviews

University of Chicago ,

CHICAGO, IL ,

4 Niche users give it an average review of 3.8 stars.

Featured Review: Master's Student says The University of Chicago offers many clubs you can attend. Do to COIVD most of the clubs meet online and some in person one day out of the week. There's boxing, archery, fencing, and one of my... .

Dornsife College of Letters, Arts and Sciences

• Los Angeles, CA ·
• University of Southern California ·

University of Southern California ,

LOS ANGELES, CA ,

School of Arts and Sciences - Tufts University

• Medford, MA ·
• Tufts University ·

Tufts University ,

MEDFORD, MA ,

Featured Review: Master's Student says My experience was mostly great! I felt supported by faculty and staff and became involved in student activities. It was just unfortunate that my on-campus experience was cut short due to the pandemic... .

Carey Business School

• Baltimore, MD ·
• Johns Hopkins University ·
• · Rating 4.64 out of 5   28 reviews

Johns Hopkins University ,

BALTIMORE, MD ,

28 Niche users give it an average review of 4.6 stars.

Featured Review: Master's Student says I start in the Fall of 2024. I agree with the post stating, "You will not get easy A's here," everything in this program is earned and supports the legacy of Johns Hopkins. All of your exams are... .

Read 28 reviews.

Dietrich College of Humanities & Social Sciences

• Pittsburgh, PA ·
• Carnegie Mellon University ·

Carnegie Mellon University ,

PITTSBURGH, PA ,

Scheller College of Business

• Atlanta, GA ·
• Georgia Institute of Technology ·
• · Rating 5 out of 5   2 reviews

Georgia Institute of Technology ,

ATLANTA, GA ,

2 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says The program has been challenging but very rewarding. The professors have been helpful during office hours and the material is very engaging and relevant to real-world workplace issues. .

Haas School of Business

• Berkeley, CA ·
• University of California - Berkeley ·
• · Rating 5 out of 5   3 reviews

University of California - Berkeley ,

BERKELEY, CA ,

3 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says I am a new EWMBA admit at Haas and so far the experience has been fantastic! It's a close-knit community of intellectual, humble, and talented working professionals. The entire team of program directors, admissions officers, etc. are SO willing to help! .

D'Amore-McKim School of Business

• Boston, MA ·
• Northeastern University ·
• · Rating 2.5 out of 5   4 reviews

Northeastern University ,

BOSTON, MA ,

4 Niche users give it an average review of 2.5 stars.

Featured Review: Master's Student says Recently began my journey in the GSPA MS in Accounting/ MBA program! So far classes have been tailored to students with nonbusiness/ accounting allowing for any interested parties to join. Teachers... .

Graduate School of Arts & Sciences - New York University

• New York, NY ·
• New York University ·
• · Rating 4.8 out of 5   10 reviews

New York University ,

NEW YORK, NY ,

10 Niche users give it an average review of 4.8 stars.

Featured Review: Master's Student says I am enrolled specifically in the Magazine concentration. My professors have all been helpful with helping me succeed and are willing to stay back to go over something I don't understand. There are... .

Woods College of Advancing Studies

• Chestnut Hill, MA ·
• Boston College ·
• · Rating 4.67 out of 5   3 reviews

Boston College ,

CHESTNUT HILL, MA ,

3 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says great teachers. great faculty, easy to get help. course material not too stressful and manageable with full time/part time job. .

McCombs School of Business

• Austin, TX ·
• University of Texas - Austin ·
• · Rating 4.69 out of 5   13 reviews

University of Texas - Austin ,

AUSTIN, TX ,

13 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says Being in the accounting program at UT Austin has been a remarkable opportunity for me. The best part of being an accounting major at McCombs is the diverse set of classes that students can utilize to... .

Read 13 reviews.

College of Arts and Sciences - University of Wyoming

• University of Wyoming ·
• LARAMIE, WY
• · Rating 5 out of 5   4

San Francisco Bay University

• FREMONT, CA
• · Rating 3 out of 5   2

College of Business- Valparaiso University

• Valparaiso University ·
• VALPARAISO, IN

Showing results 1 through 25 of 102

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Master’s Degrees

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MSc Management

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Affordable tuition with flexible payment options

Pursue your master's degree with affordable tuition, flexible payment options that let you pay as you go, and financial aid opportunities, including scholarships.

University of London

Master of Science in Cyber Security

Designed for working adults

Enroll in flexible, 100% online master's degree programs. Set your own schedule to balance your work and personal commitments and complete coursework at your own pace.

Quality learning from world-class universities

Unlock your potential and pave the way to a successful career by earning a master's degree from an accredited university. Learn from expert faculty passionate about helping you achieve your goals.

Start making progress toward a degree today

Discover flexible degree pathways that enable you to build new skills and gain career certificates while making progress and earning credit toward eligible degree programs.

Each university determines the number of pre-approved credits that may count towards the degree requirements according to institutional policies.

Gain admission without an application

Complete university-approved content to qualify for performance-based admission to select master's degree programs and earn credit toward your degree. No application or prior work experience is required to start these degree pathways.

Each university determines the grades required to qualify for performance-based admission. Review the admissions process for each degree program for more information.

Master of Science in Computer Science

Master of science in electrical engineering.

Illinois Tech

Master of Information Technology

What are students saying?

Learn from expert faculty.

Anne Dougherty

Senior Instructor and Teaching Professor in Applied Mathematics

University of Illinois

Denise Lewin Loyd

Associate Professor of Business Administration and Vernon Zimmerman Faculty Fellow

University of Pennsylvania

Master of Computer and Information Technology

Boon Thau Loo

RCA Professor, Computer and Information Science Department

O.P. Jindal Global University

M.A. in International Relations, Security, and Strategy

Mohan Kumar, PhD

Professor and Dean of International Affairs and Global Initiatives (IAGI)

Imperial College London

Global Master of Public Health

Professor and Co-Director

MSc in Innovation and Entrepreneurship

Laurence Lehmann-Ortega

Affiliate Professor of Management

Find helpful articles related to master's degrees

Your guide to master's programs.

Learn more about the requirements, cost, and coursework requirements for different postgraduate degrees, as well as the most popular master’s degree programs to consider..

Last updated on November 29, 2023

How to Get a Master's Degree

Getting a bachelor's degree is the first step in how to get a master’s degree. Once you’ve decided that it’s the right choice for you, check out this guide, which covers everything from getting into graduate school to earning that advanced degree.

Master’s Degree Salary Guide (2024)

Learn about the average salaries associate with master's degrees, plus get a list of the highest paying master's degrees.

Last updated on January 17, 2024

Is a Master's Degree Worth It?

Learn more about evaluating whether a master's degree is the right decision for your future.

Frequently asked questions

What does an online master’s degree cost.

The cost of an online master's degree will depend on the program you’re interested in attending. You’ll find a range of flexible options on Coursera, where many master’s programs offer pay-as-you-go tuition. That means you only pay for the courses you take, so if you need to take a term off, you won't be charged during that time.

There are many ways to pay for graduate school . You may be eligible for scholarships, financial aid, or employer tuition benefits to help cover the cost of your degree. To learn more about these options and tuition costs, please visit the degree page for your program of interest. If you need additional funding, you can explore the resources on our Financial Resources Hub .

How long does an online master’s program take?

Flexibility is a priority on Coursera given the competing responsibilities many learners may have as they embark on their graduate education. Some master's programs, such as the University of Illinois Urbana-Champaign’s Master of Science in Management , can be completed in as little as one year. Other master’s degree programs may take two years or more to complete .

You can find more information about the program duration by visiting the degree page for the program you’re interested in.

How is an online master’s degree different from an on-campus degree?

Master’s degrees on Coursera come from accredited universities, which ensures the standard and quality of your education. The education you receive in an online degree program may match that of an in-person degree program. The difference is in how you learn—aka the learning modality.

Coursera’s degree partners may offer an array of modalities, including live video lectures that encourage collaborative discussion and asynchronous courses that allow for independent exploration. Throughout your learning journey, you'll have access to a dedicated support team, course facilitators, and a network of peers to help you achieve your academic goals.

Do you need a bachelor’s degree to get a master’s degree? And does it have to be in the same field?

Yes, typically a bachelor’s degree is required to pursue a master’s degree , though it doesn’t have to be the same subject or field.

However, some master’s programs on Coursera do not require a bachelor’s degree for admission. These include the University of Colorado Boulder’s Master of Science in Electrical Engineering , Master of Engineering in Engineering Management , and Master of Science in Data Science , which offer performance-based admission.

How do I choose the best online master’s program for me?

There are a range of different reasons to pursue a master’s degree. A master’s degree can be an opportunity to advance your knowledge of a subject or gain the necessary knowledge and skills to pivot to a new career.

It may be helpful to think about your interests, career goals, and resources while exploring potential master’s degree programs. Take time to review the curriculum you’ll study, the way you’ll learn (the modality), the program’s cost, and how flexible it is. These factors can help you determine which online master’s program is best for you.

How do I apply for an online master’s degree?

Each master’s program on Coursera sets different application requirements and may expect materials like a bachelor’s degree , GRE scores, a graduate school resume , or a letter of intent . It’s a good idea to visit the degree page for the program you’re interested in to get more information. Click “Apply Now” if you’re ready to begin the process.

On Coursera, certain institutions do not require an application, like the University of Colorado Boulder's Master's of Science in Data Science . You can qualify for performance-based admission by passing three courses in either its Statistics or Computer Science pathway.

How do employers view graduate degrees earned online?

A master’s degree can be a valuable education unto itself—and a respected credential to feature on your resume. An online degree only describes how you earned your master’s degree, and often that qualifier is not part of the official degree you receive upon graduation.

Earning your master’s degree and including that detail on your resume tells employers about the advanced knowledge and skills you’ve developed. It can also be a signal about your dedication to building on your education.

Is earning a master’s degree online worth it?

Yes, a master’s degree can be worth it—depending on your goals. A master’s degree can lead to higher salaries, more senior-level opportunities, advanced knowledge and skill sets, and exciting networking opportunities, among other benefits. Learn more about whether going back to school is the best option for you and whether a master’s degree is worth it .

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